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Making the Market Work

MLS Minute

January 2025

Association Office Closed:

January 20 & 21

The Association Office will be closed on January 20 in observance of Martin Luther King Jr. Day and January 21 for the strategic planning session.

Normal business hours resume, Wednesday, January 22, 2025.

For support assistance, please see the appropriate contacts below.

CE Marketplace (844) 642-6633
cemarketplace.net

FlexMLS Technical Support
(888) 525-4747 | [email protected]

CoreLogic (Realist)
(800) 426-1466

Transaction Desk / Authentisign
(800) 668-8768 | [email protected]

SentriLock
(513) 618-5800

SentriKey Showing Service
(513) 618-5814

Back-to-Basics:

Closing Agreement Guidance

Best practices for use of the GLAR Closing Agreement

With an increase in split closings problems can occur and consistency in completing a single GLAR Closing Agreement has become an issue.

To simplify the process, either party (listing agent or buyer's agent) should complete the GLAR Closing Agreement; get their client's signature and send the GLAR Closing Agreement to the cooperating agents to review the accuracy of the information and get their client's signature. The Closing Agreement is a protection for the agents and brokers and should be completed by the agents/brokers.

A new version of the form without the notary requirement is now available in TransactionDesk.

FLEX:

Land and Acreage Phasing Out

Trying to search for land in Flex MLS? Use the field "Lot Acres."

To enhance and simplify your search experience, the only acreage-related search field will be "Lot Acres." This adjustment will also help with sharing data with other MLSs.

"Land & Acreage" will be removed on January 28, 2025 and agents should exclusively be using "Lot Acres."

Do you have questions? Reach out to the Association MLS department at 517-323-4090.

FLEX:

Floor Plans Have Own Media Category

When editing or adding a listing, there will be a new section called Floor Plans, where you can upload floor plans. The process to upload and manage a floor plan will be similar to the current process for uploading and managing photos.

Listings with a floor plan will now have a “Floor Plan” tag on Android, Mobile Web, and Portals, similar to the 3D Tours or Price Change tags you see today. Users are also able to search for listings with floor plans in Quick Search using the Additional Search Options.

Learn More

Down Payment Resource:

Help Create More Homebuyers in 2025

If you’re not promoting #DownPaymentAssistance to create more #homebuyers, the new year is a good time to ask yourself why.

Here are some fun facts from our partners at Down Payment Resource:

✔️Fact: According to recent HMDA data, 43.6% of purchase #mortgages were DPA eligible.

✔️Fact: All 3,143 U.S. counties have at least one #DPA program (many have 10 or more).

✔️Fact: DPA lowers a homebuyer’s LTV by an average of 6%.

Learn More about Down Payment Resource

MLS Cool Tool:

Offer Easier Property Access

Pair SentriLock and RPR together to upgrade your clients showing experience! Open a lockbox and instantly get a property report to share with your client. It’s a seamless way to help your client review a property’s features as you tour the property with them.

How-To Link RPR and SentriLock

Webinar with More Details